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Title_of_text

The Guaranteed Minimum Pensions Increase Order 2007 (S.I. 2007 No. 686).

Main Region

First Region

United Kingdom
Old-age, invalidity and survivors benefit
2007-03-06
National
Regulation, Decree, Ordinance

Second Region

This Order specifies 3% as the percentage by which that part of any guaranteed minimum pension attributable to earnings factors for the tax years 1988-89 to 1996-97 and payable by contracted-out, defined benefit occupational pension schemes is to be increased. Under section 109(3) of the Pension Schemes Act 1993 (c.48) the percentage to be specified is the actual percentage increase in the general level of prices in the period under review or 3% whichever is less.

Entry dates region

    Date of entry into force
    2007-04-06
    --

Basic Text region

Electronic region